Business
8@eight: ASX set for flat start; $A dips – Sydney Morning Herald
What happened overnight and what is ahead for the Australian sharemarket.
3. Trumps extension of stimulus boosts USD, UST yields: A slightly improved outlook for US economic fundamentals saw a general uplift in the US Dollar, and a climb in US Treasury yields. The US Dollar Index edged 0.17 per cent higher, while the yield on the 10 Year US Treasury note climbed to 57-points, two trade at its highest level in two weeks.
The small recovery in the Dollar and US Treasury yields sparked a further pull-back in gold prices from its all time highs, with the yellow metal she…
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